Joe Biden is a 77 year old Democrat and Democrats are known for social conservatism but economic liberalism. While I don't think Joe Biden will take any drastic step against cryptocurrencies but given his age, there's a risk from policy perspective! Even though nothing is clear at this moment and I am sure nothing else will come up in next 6 months because Joe Biden will look at the priority concerns first.

So let's not get worried at this time because no one knows what policy impact Joe will bestow upon the market. Just wait and watch! The price drop has nothing to do with US presidential election. It is possibly a profit booking menace we have seen!